Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.53 and traded as low as C$10.48. Canoe EIT Income Fund shares last traded at C$10.48, with a volume of 1,000 shares.

Canoe EIT Income Fund Stock Up 0.7 %

The firm has a market capitalization of C$1.25 billion and a price-to-earnings ratio of 2.98. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average of C$10.96 and a two-hundred day moving average of C$10.53.

Canoe EIT Income Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 23rd will be paid a $0.0707 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a dividend yield of 7.78%. Canoe EIT Income Fund’s payout ratio is 17.05%.

Canoe EIT Income Fund Company Profile

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.